Buy Relaxo on 10-15% decline: Lalit Thakkar, MD Institution, Angel Broking

In a chat with ET Now, Lalit Thakkar, MD Institution, Angel Broking, shares his views on Relaxo.

ET Now: One stock which you really have got right from the midcap space is Relaxo. Are you still bullish on it?

Lalit Thakkar: Yes, Relaxo has gone up by 50-70%. I have not checked the latest valuation parameters, but stocks like these, if they correct by 10-15%, I do not mind coming out with a buy recommendation in these stocks.